PEOPLE TALK ABOUT HOW HARD IT IS to get business financing for a new or existing business or real estate investment. Yet we hear from readers of our newsletters and books who say:
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“I got business financing sooner than I thought I would.”
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“It wasn’t easy. But, then again, I did get the financing and the work wasn’t as hard as I thought it would be.”
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“I tried a number of lenders and learned a little from each lender who turned me down. But I kept my loan goal in mind and finally got the loan money I needed. The effort was worth it. I’d do the same all over again if I had to.”
ALL OF THESE REMARKS ARE GREAT TO HEAR because they prove that the headline of this page is true, namely:
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Financing for business or real estate can be made easier if you approach the loan-getting process in an organized way.
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Recognizing that getting a loan for your business or real estate is a natural step that almost every business takes to get money needed for operations, startup, or expansion.
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Using good, accepted business methods to get the money you need from a lender who knows your type of business.
TO MAKE IT EASIER TO GET YOUR LOAN, for either your business or real estate, while increasing your approval speed, take these steps:
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Find a lender that specializes in your type of loan, that lends in the range of the amount you seek, and makes loans in the area in which your business is located.
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Get the lender’s information and study it carefully to see that you fit into its lending guidelines (often called “lending parameters”) with respect to loan purpose, amount, and term.
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Prepare a “perfect” Loan Application for your lender by answering all questions and submitting your answer quickly in the way your lender requests—by mail, by fax, or by email.
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Don’t “bug” the lender with demands for a fast answer, Let the lender give you your answer when the lender is ready to give it to you. Being patient impresses the lender and you have a much better chance of getting your loan easier and faster!
EVERY BUSINESS TODAY NEEDS A MERCHANT ACCOUNT
The IWS Merchant Account Business Success Kit gives you everything you need to get your MERCHANT ACCOUNT today.
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